Cal-Comp Electronics (Thailand) Public Company Limited (SET: CCET) delivered strong top-line expansion in the third quarter of 2026, driven by robust product demand and tighter operational overhead management.
Key Financial Highlights
- Sales Revenue: $1,437.80 million (THB 47,982.67 million), up 29.43% YoY
- Net Profit: $20.14 million (THB 672.17 million), up 22.95% YoY
- Gross Profit Margin: 4.66% from 5.08% in 3Q25
The electronics manufacturing services provider generated sales revenue of $1,437.80 million (THB 47,982.67 million), representing a 29.43% surge compared to the third quarter of 2025. Quarterly net profit reached $20.14 million (THB 672.17 million), climbing 22.95% year-over-year despite ongoing raw material price inflation.
The top-line growth was primarily powered by increased order volumes across printer products and storage devices, coupled with price inflation for essential raw materials like memory chips. However, elevated component costs, changes in product mix, and startup costs tied to new product implementations weighed on factory-level margins. Cost of goods sold escalated to 95.34% of sales revenue, compressing gross profit margin to 4.66% from 5.08% in 3Q25.
Bottom-line performance was supported by disciplined cost control across corporate functions. Selling, general, and administrative expenses fell to 2.22% of revenue ($31.86 million), down from 2.62% a year earlier, reflecting reduced marketing and management expenses across global subsidiaries. For the first nine months of 2026, accumulated net profit reached $57.59 million on total revenues of $3,427.42 million, up 19.51% and 10.93% year-over-year, respectively.
To fund expanding operational requirements, CCET increased its short-term bank borrowings, driving quarterly financial costs up 29.89% year-over-year to $4.21 million. Looking ahead, management continues to focus on absorbing new product implementations into production schedules while optimizing operational management to navigate supply chain cost pressures.
